When will the real estate market hit bottm? I keep getting questions from home buyers and real estate investors wanting to know when is the best time to get into the market to buy a home. When is the market going to hit the bottom? This question sounds more like the question about the current state of the economy. Are we in a recession or not? We will probably know the answers to these two questions only after the fact. It may take several months to more than a year for us to know when the current real estate market has hit the bottom. There's still a wave of foreclosures coming, but this must be viewed in a regional county by county pesrpective. People looking for Metro Atlanta GA homes will find that there are more foreclosures in some parts of the Metro are than in others. Some Atlanta houses are being sold at a huge bargain. The number of foreclosures in Atlanta still continues to rise depending on the county and even the subdivision.

So is this a good time to buy? My answer to that question is yes. And this is why. Eventhough prices may still fall some, home sellers are very motivated to cut a deal. The banks are basically giving away their foreclosures. So as a home buyer, this is the time to ask for a huge discount from the home seller: bank or private individual selling the home. You should still be fine even if there is still a small correction in the market.

Smart real estate investors are pouring into Atlanta to pick up these foreclosure properties at huge discounts. This is an opportunity for investors who missed the boat in the 90's to make a killing. The good thing about the Metro Atlanta real estate market is that we are having a net gain in population anaually. These people all need a place to stay. The rental market is very good.

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